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Updated over 5 years ago on . Most recent reply

User Stats

345
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Carlos Gonzalez
  • Investor
  • Phoenix, AZ
170
Votes |
345
Posts

Looking for apartment owners in Phoenix

Carlos Gonzalez
  • Investor
  • Phoenix, AZ
Posted
I want to ask questions to apartment owners in the Phoenix area or proximities. I want to know what I don't know about how you find apartments for sale, either be owner financing or creative financing. I want to learn from them about buying apartments and continue acquiring apartments at a fast pace. I'm willing to fail and take the necessary risks to learn quickly about what they are doing at higher level.

Most Popular Reply

User Stats

390
Posts
599
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Serge S.
  • Rental Property Investor
  • Scottsdale, AZ
599
Votes |
390
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Serge S.
  • Rental Property Investor
  • Scottsdale, AZ
Replied

Beware @Ben Leybovich is on the prowl for 4 plexes in AZ now ... but no need to worry you can compete with Leybovich @Carlos Gonzalez. Ben only buys what does not exist and he can't buy everything:)

In all seriousness, a worthwhile 4plex in Maricopa county does not exist on the MLS or from a wholesaler. You will need to create that deal. Also, beware of the older, small studio/1 bd 4plex setups near downtown. Transient tenants w very little room for rent growth. Small multifamily is generally a tough play at anything close to retail there will be no real cash flow. You would need to buy a very specific type of asset. I'd consider staying w SFR stock or looking at Pima and Cochise county. Maricopa county is no longer the most viable cash flow market, equity and appreciation maybe but cash flow is difficult to source.

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